Thalassa Holdings Ltd. announced consolidated financial results for the year ended December 31, 2011. For the period, the company reported revenue of $2,427,985 against $404,086 a year ago. Operating profit before depreciation was $1,242,383 against operating loss before depreciation of $164,231 a year ago. Operating profit was $344,712 against operating loss of $190,751 a year ago. Profit before taxation was $355,675 against $546,259 a year ago. Profit for the financial period was $355,675 or $0.04 per diluted share against $546,259 or $0.06 per diluted share a year ago. Net cash flow from operating activities was $23,396 against $17,185 a year ago. Purchase of equipment was $180,008 against $1,967,106 a year ago. Year on year revenues for 2012 are anticipated to be significantly up on 2011 as the Group benefits from a full year of WGP's activities. Long term growth prospects for the enlarged group remain encouraging with record inquiries and a number of potential long term contracts.